Dear Sir,
Kindly explain the AMC Charges for SAP SOFTWARE CONTRACT, TDS coverd under proessional rate or contract rate?
regards
M.Raghavan
Devendra
(Chartered Accountant)
(4775 Points)
Replied 25 April 2011
AMC CHARGES ARE SUBJECT TO TDS U/S 194C.
RATE OF DEDCUTION
INDIVIDUAL / HUF @ 1%
FIRM / CO. @ 2%
WITHOUT PAN @ 20%
THRESHOLD LIMIT
SINGLE BILL - RS. 30000
AGGREGATE BILL - RS. 75000 P.A
REGARDS,
DEVENDRA
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India